Retail Opportunity Investments (NASDAQ:ROIC) Now Covered by StockNews.com

StockNews.com began coverage on shares of Retail Opportunity Investments (NASDAQ:ROIC) in a research note published on Monday. The firm issued a hold rating on the real estate investment trust’s stock.

Retail Opportunity Investments Stock Performance

NASDAQ:ROIC opened at $17.51 on Monday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 38.07 and a beta of 1.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.92 and a current ratio of 1.92. The business’s fifty day moving average is $17.46 and its 200 day moving average is $16.77. Retail Opportunity Investments has a 52-week low of $11.87 and a 52-week high of $17.52.

Hedge Funds Weigh In On Retail Opportunity Investments

A number of institutional investors have recently added to or reduced their stakes in ROIC. Van ECK Associates Corp increased its stake in Retail Opportunity Investments by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 21,302 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 2,338 shares during the last quarter. GSA Capital Partners LLP bought a new position in Retail Opportunity Investments in the 3rd quarter worth about $775,000. Metis Global Partners LLC bought a new position in Retail Opportunity Investments in the 3rd quarter worth about $206,000. Strategy Asset Managers LLC boosted its holdings in shares of Retail Opportunity Investments by 57.7% in the 3rd quarter. Strategy Asset Managers LLC now owns 876,179 shares of the real estate investment trust’s stock worth $13,782,000 after purchasing an additional 320,520 shares in the last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Retail Opportunity Investments by 94.4% in the 3rd quarter. Intech Investment Management LLC now owns 32,316 shares of the real estate investment trust’s stock worth $508,000 after purchasing an additional 15,694 shares in the last quarter. 97.16% of the stock is currently owned by institutional investors.

About Retail Opportunity Investments

Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.